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New Construction
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New Construction Gateway Builders & Properties is developing Parkway at 17 Plaza, a center located at the intersection of U.S. 20 and Middlebury Street in Elkhart, IN. The center is situated on a land area of 25 acres and has spaces available of 1,200 sq.ft.; 1,800 sq.ft. and 4,000 sq.ft., as well as four outlots. Opening is slated for this month. The center is tenanted by Beef O’Brady’s, Nextel, Big League Barbershop, Liberty Fitness and Char & Elsie’s Café. Area demographics include a population of 77,000 within five miles earning $58,460 as the average household income. The site has an average daily traffic count of 24,000 vehicles. Asking rent is $13 psf with CAM of $2.50 psf. The company also is developing Hively Square, a center located on State Road 19 in Elkhart, IN. Opening is slated for October. The center will be situated on a land area of 2.5 acres and will be anchored by Chalet Party Shoppe and will have six spaces available. Area demographics include a population of 88,000 within five miles earning $50,000 as the average household income. Asking rent is $12 psf with CAM of $2 psf. For more information, contact Lori Snyder, Gateway Builders & Properties, 5230 Beck Drive, Suite 3A, Elkhart, IN 46576; 574-295-9944, Fax 574-389-8773; Email: lori@gate-wayproperties.com; Web site: www.gate-wayproperties.com.
Kitchell Development Co. and Yavapai Hills Commercial are developing an 800,000 sq.ft. center located at the intersection of Highway 69 and Sun Dog Ranch in Prescott Valley, AZ. The center will be situated on a land area of 100 acres. The first phase of the project will be approximately 350,000 sq.ft. Construction is slated to begin during the first quarter of 2006. For more information, contact Barbara Sage, Kitchell Development Co., 1707 East Highland, Suite 100, Phoenix, AZ 85016; 602-631-6108; Email: bsage@kitchell.com; Web site: www.kitchell.com.
J.R. Militello Realty, Inc. is preleasing Clarence Mall, a 290,000 sq.ft. mall located on Main Street in Clarence, NY. Opening is slated for Spring 2006. The center will be situated on a land area of 33 acres and will have spaces available of 15,000 sq.ft. to 75,000 sq.ft., as well as outlots of 9,000 sq.ft. and 15,000 sq.ft. Anchors include Office Depot, Bed Bath & Beyond, Key Bank and HSBC Bank. The site has an average daily traffic count of 41,304 vehicles. Asking rent is $22 psf NNN with CAM of $2 psf and taxes of $2 psf. For more information, contact Kelly Ann E. Green, J.R. Militello Realty, Inc., 268 Main Street, Buffalo, NY 14202; 716-856-2872, Fax 716-856-2833; Email: kelly@militello.com.
Northbridge Property Services is preleasing StreetSide at Madison, a 12,000 sq.ft. center located at the intersection of Madison Street and State Route 54 in New Port Richey, FL. Opening is slated for the fourth quarter of 2006. The center is situated on a land area of two acres and has spaces available of 1,200 sq.ft. and up, as well as one outlot. Area demographics include a population of 152,558 within five miles earning $57,325 as the average household income. Asking rent is $28 psf with CAM and taxes of $4.50 psf. Area retail includes Wal*Mart, Beall’s Outlet, Blockbuster Video and Kash-N-Karry. For more information, contact Jannie C. DelRio, NorthBridge Property Services, PO Box 340218, Tampa, FL 33694-0218; Email: jdelrio@northbridgepropsvcs.com; Web site: www.streetsidedevelopers.com.
The Shopping Center Group is preleasing Belleville Harbour Marketplace, a 185,000 sq.ft. center located at the intersection of Route 17/Bridge Road and Harbour View Boulevard in Suffolk, VA. The center is situated on a land area of 42 acres and has spaces available of 1,500 sq.ft. and up, as well as outlots of one acre and 2.75 acres. Opening is slated for Spring 2006. Area demographics include a population of 130,000 within seven miles earning $48,750 as the average household income. The site has an average daily traffic count of 89,000 vehicles. Asking rent is $22 psf NNN. For more information, contact Vance Bartley, The Shopping Center Group, 534 Settlers Landing Road, Hampton, VA 23669; 757-722-2500, Fax 757-723-0001; Email: vanceb@theshoppingcentergroup.com; Web site: www.theshoppingcentergroup.com.
NewQuest Properties is preleasing Brazos Town Center, a 416-acre mixed-use development located at the intersection of U.S. 59 and FM 762 in Rosenberg, TX. The center is currently anchored by The Home Depot, Chili’s and Cinemark. Area demographics include a population of 82,340 within five miles earning $59,520 as the median household income. For more information, contact David K. Meyers or Eric Walker, NewQuest Properties, 8807 West Sam Houston Parkway North, Suite 200, Houston, TX 77040; 281-477-4300, Fax 281-477-4321; Emails: dmeyers@newquest.com and ewalker@newquest.com.
GBT Realty Corp. is preleasing Whiskey Station, a 105,986 sq.ft. center located on Whiskey Road in Aiken, SC. The site has an average daily traffic count of 28,710 vehicles. For more information, contact Bill Ridenour, GBT Realty Corp., 201 Summit View Drive, Suite 110, Brentwood, TN 37027; 615-370-0670; Web site: www.gbtrealty.com.
Legend Properties, Inc. is preleasing The Riverwalk at Penns Grove, a 195,500 sq.ft. mixed-use development located on Main Street at the Delaware River in Penns Grove, NJ. The center will be situated on a land area of 26 acres. The maritime-themed project will include a riverside promenade, a 40,000 sq.ft. entertainment, banquet and conference center, a 4,500 sq.ft. Italian restaurant, a 10,000 sq.ft. seafood restaurant, a 60-room hotel, approximately 40 retail shops, office space, a microbrewery and a food court. A 900-foot pier will be reconstructed to provide views of the Delaware Memorial Bridge and will lead to an island and floating breakwater that will be used for a variety of public events. For more information, contact Legend Properties, Inc., 20000 Horizon Way, Suite 280, Mount Laurel, NJ 08054; 856-231-1010, Fax 856-231-1111.
Schmier & Feurring Realty is preleasing Wellington Green Square, a 95,000 sq.ft. center located at the intersection of Forest Hill Boulevard and Fortune Drive in Wellington, FL. The center will be situated on a land area of 17 acres. Opening is slated for next year. The center will be anchored by Fresh Market and Tony Roma’s and will be cotenanted by Bassett Furniture and Kirkland’s. Area retail includes Barnes & Noble, Circuit City, Linens ‘N Things, Pier 1 Imports and Panera Bread. For more information, contact Roxanne Register, Schmier & Feurring Realty, 7777 Glades Road, Suite 310, Boca Raton, FL 33486; 561-488-9100, Fax 561-482-0181; Web site: www.sfrealty.com.
The Paradise Group is preleasing Shoppes of Heron Creek, a mixed-use center located at the intersection of Sumter Boulevard and Price Boulevard in North Port, FL. The center will also include 903 single-family units along with 250,000 sq.ft. of office space and a 27-hole golf course. The center has four outparcels, including a Walgreens and an AmSouth Bank. For more information, contact The Paradise Group, 2901 Rigsby Lane, Safety Harbor, FL 34695; 727-726-1115, Fax 727-726-2337.
Duke Realty Corp. is preleasing Crossroads Marketplace, a 220,000 sq.ft. center located at the intersection of State Route 405 and State Route 50 in Titusville, FL. The center will be situated on a land area of 26 acres and has spaces available of 1,600 sq.ft. to 50,000 sq.ft., as well as outlots of one acre and 12,000 sq.ft. Opening is slated for Fall 2006. For more information, contact Duke Realty Corp., 600 East 96th Street, Suite 100, Indianapolis, IN 46240; 317-808-6000, Fax 317-808-6770; Web site: www.dukerealty.com. |